Many homes in the Staten Island neighborhood of New Dorp Beach were shattered by Hurricane Sandy. But even in a New York City community as hard hit by the superstorm as this one, Rudy Mienert's house stops passersby dead in their tracks. Slabs of its clapboard exterior litter the ground, the front fence is mangled and a... Continue Reading »
Mar 7th 2012 4:40PM
WASHINGTON -- The Obama administration is offering some relief to homeowners who have government-backed mortgages. Under a program President Barack Obama unveiled Tuesday, the government would cut the fees it charges to insure those borrowers. The idea is that lower fees would persuade millions to refinance their loans... Continue Reading »
Mar 6th 2012 10:00AM
WASHINGTON -- President Barack Obama is aiming mortgage relief at members of the military as well as homeowners with government-insured loans, the administration's latest efforts to address a persistent housing crisis. In his first full news conference of the year Tuesday, Obama was to announce plans to let borrowers... Continue Reading »
Feb 28th 2012 10:50AM
By Jon Prior The Federal Housing Administration will raise mortgage insurance premiums this April in order to repair the health of its emergency fund. The FHA upfront mortgage insurance premium will increase to 1.75 percent from 1 percent of the base home loan amount. This will apply regardless of the term or... Continue Reading »
Feb 6th 2012 10:00AM
WASHINGTON -- President Barack Obama is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners. Obama, in his radio and Internet address Saturday, urged the public to "get on the phone, send an email, tweet," and... Continue Reading »
